Occidental (NYSE:OXY) announced on Monday it will acquire CrownRock and its significant Permian basin assets in a deal valued at around $12B.
Occidental signs $12B deal to buy Permian producer CrownRock
Oxy USA – Delaware Basin
OXY USA Inc explores for, develops, produces, and markets crude oil and natural gas. Oxy is one of yje top Operators in the Delaware Basin.
Occidental Petroleum in talks to buy CrownQuest
Oxy is in talks to buy closely held shale driller CrownRock LP, which is managed by Crownquest
Occidental Announces Q3 Quarter 2023 Results
Occidental (NYSE: OXY) today announced net income attributable to common stockholders for the third quarter of 2023 of $1.2 billion, or $1.20 per diluted share, and adjusted income attributable to common stockholders of $1.1 billion, or $1.18 per diluted share.
Oxy to build 7 mile pipeline to support “Stratos,” a direct air capture (DAC) facility
Occidental Petroleum formally unveiled the project it now calls “Stratos,” a direct air capture (DAC) facility foundational to the company’s future ambitions. Oxy was also approved by the Railroad Commission of Texas for a 7 mile CO2 export pipeline in Ector County Texas.
Occidental CEO: Permian basin has enough additional oil to develop
Permian (Basin) still has enough additional oil to develop that will continue to grow over the next few years – Vicki Hollub
Occidental signs deal to buy Carbon Engineering for US$1.1 billion
Occidental Petroleum Corp. has signed a deal to buy Canadian company Carbon Engineering Ltd. for US$1.1 billion.
Oxy Reports Q2 2023 Results
Permian, Rockies & Other Domestic and Gulf of Mexico daily production volumes all exceeded guidance at 582 Mboed, 273 Mboed and 135 Mboed, respectively.
Oxy – Permian Basin is the the highest quality assets Oxy has ever had
80 percent of Occidental’s production is in the United States delivered higher operability and better-than-expected new well performance particularly in our two new drilling space units in New Mexico.
OXY USA Inc.
Occidental’s U.S. business is focused in the Permian Basin of West Texas and southeast New Mexico. Oxy USA Inc. ranks #6 in wells drilled in 2022 with 288 wells drilled in the Mid Continent of the US. OXY USA operated 22 drilling rigs and drilled 132 wells in North America in Q1 2023.
